Calculate restaurants income elasticity of demand

Reference no: EM13191381

Becky really likes Macaroni Grill but can only afford to eat out 4 times a year. Her boss gives small raises, so this year she receives 4% raise. She decides that a 4% raise is enough to warrant going out 1 more trip per year to Marconi girl.

Calculate for restaurants the income elasticity of demand?

Reference no: EM13191381

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Calculate restaurants income elasticity of demand : Becky really likes Macaroni Grill but can only afford to eat out 4 times a year.So calculate for restaurants the income elasticity of demand?

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